Foreclosure Strategies
May 10 2018
The best way to deal with a foreclosure is to take aggressive legal action when the foreclosure laws... [Read More...]
March 2, 2015 By
Submission of Documents
Besides attending the foreclosure court conference, it is necessary for the homeowners to submit detailed mortgage modification packages through their counsel. The submission at the foreclosure court conference is different than the submissions made by homeowners outside of court supervision.
Complaints Regarding The Home Affordable Mortgage Program (HAMP)
There are numerous complaints with regard to the Home Affordable Mortgage Program (HAMP). Homeowners, rightfully so, complain the banks jerk them around, lose their documents, don’t respond to their communications and that the program simply doesn’t work.
One of the purposes of the mandatory foreclosure settlement conferences is to put pressure on the financial institutions to properly underwrite the mortgage modification applications and act in good faith. There are penalties potentially available for financial institutions who fail to act in good faith and properly underwrite mortgage modification applications submitted pursuant to the mandatory foreclosure conference parts.